Crane NXT, Co. (NYSE:CXT) to Issue Quarterly Dividend of $0.18

Crane NXT, Co. (NYSE:CXT) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.18 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, August 31st.

Crane NXT has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Crane NXT has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Crane NXT to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.3%.

Crane NXT Trading Up 4.2%

NYSE:CXT traded up $2.18 during trading hours on Thursday, hitting $54.55. 318,978 shares of the stock were exchanged, compared to its average volume of 815,433. The company’s 50 day moving average is $47.32 and its two-hundred day moving average is $46.50. Crane NXT has a twelve month low of $35.71 and a twelve month high of $69.00. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $3.14 billion, a P/E ratio of 24.36 and a beta of 1.09.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. The company had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $475.62 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, sell-side analysts anticipate that Crane NXT will post 4.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crane NXT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Camelot Portfolios LLC bought a new position in Crane NXT during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd raised its position in Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after buying an additional 535 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Crane NXT in the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Crane NXT by 4,080.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after acquiring an additional 612 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after purchasing an additional 391 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.